CNBC's "Power House" spoke to Larry Hotz, broker with The Kentwood Company, for his perspective on the Denver housing market.

"It's a difficult time for buyers right now. It's truly a seller's market in Denver. We have declining inventory and increasing sales," Hotz said.

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Denver

According to Metrolist, a listing service for the state of Colorado, the average number of days on the market for a Denver metro listing in May was 28, with the number of homes for sale just over 6,000.

In this video, Hotz shines his spotlight on the Denver suburb of Lakewood, where listings range from $685,000 to $1,450,000.